SPG executive settles RSUs, withholds shares for tax

Simon Property Group senior vice president and chief accounting officer Adam Reuille settled 1,031 Restricted Stock Units into common stock on March 2, 2026.

Rhea-AI Filing Summary

Simon Property Group senior vice president and chief accounting officer Adam Reuille settled 1,031 Restricted Stock Units into common stock on March 2, 2026. To cover related tax obligations, 336 common shares were disposed of at $203.85 per share. After these transactions, he directly held 17,011 common shares and indirectly held 928 shares through a 401(k) plan, which total includes 61 shares acquired via the company’s dividend reinvestment plan.

Insider Trade Summary

1,031 shares exercised/converted

Exercise 4 txns

Insider Reuille Adam

Role SVP & CHIEF ACCOUNTING OFFICER

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	1,031	$0.00	$0.00
Exercise	Common Stock	1,031	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	336	$203.85	$68K
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 0 contracts (Direct); Common Stock — 17,011 shares (Direct); Common Stock — 928 shares (Indirect, 401(K) Plan)

Footnotes (3)

1. F1. Each Restricted Stock Unit ("RSU") represents the contingent right to receive, at settlement, one share of common stock of Simon Property Group, Inc. This transaction represents the settlement of RSUs that vested on March 2, 2026.
2. F2. Represents tax withholding obligations in connection with vesting of RSUs.
3. F3. Includes 61 shares of common stock acquired pursuant to the Issuer's dividend reinvestment plan since the Form 4 filed by the Reporting Person on April 3, 2025.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did SPG executive Adam Reuille report on March 2, 2026?

Adam Reuille reported settling 1,031 Restricted Stock Units into Simon Property Group common stock on March 2, 2026. He also disposed of 336 common shares to satisfy tax withholding obligations related to the RSU vesting, while maintaining both direct and 401(k) plan holdings afterward.

How many Simon Property Group shares does Adam Reuille hold after the latest Form 4?

After the March 2, 2026 transactions, Adam Reuille directly holds 17,011 Simon Property Group common shares. He also indirectly holds 928 common shares through a 401(k) plan, which includes 61 shares acquired via the company’s dividend reinvestment plan since his April 3, 2025 Form 4.

Were Adam Reuille’s SPG share dispositions open-market sales?

No, the 336-share disposition reported by Adam Reuille reflects shares delivered to cover tax withholding obligations. The filing states the disposition was for payment of tax liability related to vesting RSUs, not an open-market sale initiated for investment purposes.

What do the Restricted Stock Units in Adam Reuille’s SPG Form 4 represent?

Each Restricted Stock Unit represents a right to receive one Simon Property Group common share upon settlement. The March 2, 2026 transaction reflects settlement of RSUs that vested on that date, converting 1,031 units into an equivalent number of common shares at no exercise price.

How were dividend reinvestment shares reflected in Adam Reuille’s SPG holdings?

The filing notes that his share count includes 61 common shares acquired through Simon Property Group’s dividend reinvestment plan. These dividend reinvestment shares accumulated since the Form 4 he filed on April 3, 2025 and are now part of his reported ownership totals.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/04/2026 - 02:36 PM EST Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Reuille Adam

(Last) (First) (Middle)

225 W. WASHINGTON ST.

(Street)

INDIANAPOLIS IN 46204

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SIMON PROPERTY GROUP INC. [ SPG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP & CHIEF ACCOUNTING OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/02/2026		M		1,031	A	(1)	17,347	D
Common Stock	03/02/2026		F		336(2)	D	$203.85	17,011	D
Common Stock								928(3)	I	401(K) Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	03/02/2026		M			1,031	03/02/2026	03/02/2026	Common Stock	1,031	$0	0	D

Explanation of Responses:

1. Each Restricted Stock Unit ("RSU") represents the contingent right to receive, at settlement, one share of common stock of Simon Property Group, Inc. This transaction represents the settlement of RSUs that vested on March 2, 2026.

2. Represents tax withholding obligations in connection with vesting of RSUs.

3. Includes 61 shares of common stock acquired pursuant to the Issuer's dividend reinvestment plan since the Form 4 filed by the Reporting Person on April 3, 2025.

	/s/ Adam Reuille by his attorney-in-fact, Steven E. Fivel	03/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.